STAY CONNECTED!
    
newsletter-button

Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Government to respond to petition calling for reform of 'disastrous' BTL tax changes

An online petition which calls on the government to reintroduce full buy-to-let mortgage interest tax relief and abolish the 3% stamp duty surcharge has passed the...

Fees ban update: MPs to debate Tenant Fees Bill today

MPs will today undertake the second reading of the Tenant Fees Bill which proposes to ban upfront tenant fees and introduce caps on security and holding...

SAFEagent Awareness Week: Consumer money still at risk until April 2019

Consumers' money remains at risk until April 1 2019 is the key message of this year’s SAFEagent Awareness Week. Over the next five days, over 3,000 agents...

Belvoir back on the acquisition trail after securing funding

The UK’s largest franchise agency has secured funding which it will use to strengthen its growth and acquisition strategy. Belvoir has secured a loan facility from HSBC...

Market dip - letting agents' board figures down in April

There was a decline in both the number of To Let and Let By properties during April, according to the latest Property Activity Index from board...

Government pledges to consult on longer private tenancies

The government has announced that it is to formally consult on proposals for longer tenancies in the private rental sector. Although there has been much debate about...

LonRes reveals strategic alliance with lettings service provider

LonRes, the data and agent network business specialising in central London, is entering into a strategic partnership with rental services provider Let Alliance.  The result - LonRes...

Agency celebrates £100m of homes under management in one region

A lettings agency that started life as an idea between two friends 15 years ago is now celebrating managing over £100m worth of property.  Steven Chippendale and...

Build To Rent provider eyes further growth after profits surge

The Build To Rent provider Grainger has reported a 23 per cent rise in profits and says it is looking for further growth as the BTR...

Getting worse: complaints to TPO about letting agents soar 11%

The Property Ombudsman has issued its annual report for 2017 and it makes grim reading for the rental sector - there’s been an 11 per cent...

Rogue letting agents hit with thousands of pounds in fines

Two rogue letting agents in London have been fined thousands of pounds as part of a council campaign to clean up the rental sector in its...

Huge surge in buy to let forecast for next seven years

The latest major piece of research into the private rental sector is forecasting a huge surge in demand - meaning there will be six million households...

Tenants massively ignorant of health and safety in their homes

A rental sector supplier claims huge numbers of tenants are extremely ignorant of the health and safety issues surrounding their rental property - and are confused...

The big buy to let sell-off: good for first time buyers but...

A lettings trade body says 380,000 landlords may be about to sell at least one property - potentially flooding the sales market. The National Landlords Association says this...

All Stand! Letting agent appears before Judge Rinder FIVE times

A Birmingham letting agent has a new way of resolving arrears run up by some of his tenants - he goes on to the Judge Rinder...

Some agents 'talking down the lettings culture' says Spicerhaart

Spicerhaart says that with the lettings agency industry under attack there is a danger of some within the sector focussing too much on challenges and “talking...

Block management agency expands with new northern office

One of the UK’s largest block management agencies, the Residential Management Group, has opened a new northern office in recognition of its expanding activities in the...

Government probe into deposit-alternatives welcomed by campaigner

A prominent campaigner for alternatives to traditional rental sector deposits is welcoming the government’s commitment to consider the issue in the next six months. In its response...

Online operator says it aims to be lettings version of Deliveroo

An online lettings service which says it’s aiming to triple its level of business in the next 12 months claims it’s following in the footsteps of...

Use technology to offset cost of fees ban, says PropTech chief

One of the PropTech companies at the centre of the Rent Recognition Challenge contest is calling on letting agents to use technology to offset the expected widespread...

New partnership with lettings body aims to boost use of skilled builders

The National Federation of Builders is linking up with a lettings trade body to make it easier for reputable craftspeople to be used for repairs and...

Rental stock plummets in past two years says Hamptons

There are now five per cent fewer homes to let now than two years ago, says Countrywide in its rebranded Hamptons International rental index. Previously the monthly...

Getting closer - tenants' rent counting towards creditworthiness

A bid to allow good tenants’ rent records count towards their creditworthiness has taken a step forward thanks to Big Issue founder Lord Bird. His Creditworthiness Assessment...

Government told - Help us to help older tenants

A trade body has stepped up its calls on government to help the lettings industry do more for older renters. Responding to research by the BBC showing...

"We can handle longer tenancies" says Build To Rent provider

Grainger says it’s ready to respond to the growing need for longer tenancies for families and older renters - the latter category highlighted by BBC research...

In The Money: £162,500 profit from each buy to let over 25 years

Time to put the gloom and doom about buy to let to one side - a new analysis shows that a typical investor in the sector...

BBC research reveals concern over rise in older renters

Older people aged 40 and above are now almost twice as likely to be renting their home from a private landlord than 10 years ago, according...

Widespread 'mis-buying' of insurance across buy to let

A specialist insurance provider says there is substantial mis-buying of insurance products by buy to let investors.  A survey of 500 landlords by Simple Landlords Insurance found...

Buy to let purchases on the rise in London

Specialist mortgage broker Commercial Trust says there was an increase in buy to let purchase activity in London during the first quarter of 2018 compared to...

More independents snapped up by big agency chains

The Lomond Capital acquisition bandwagon continues apace with the latest independent to be snapped up being the well known Bonett’s Estate and Lettings Agents in Brighton. This...

New Central London tenancies drop 11% says agency

Strutt & Parker says the take up of new rental tenancies in prime central London in the first quarter of this year was 11 per cent...

'House of Horrors' - a council's description of unfit lettings property

A local authority has described a lettings property as “a real House of Horrors that put the health and safety of the occupants at serious risk” Buy...

Build To Rent advances further with £27m city centre scheme

Grainger, the UK's largest listed residential landlord, has snapped up a 132-flat Build To Rent scheme in Southampton for £27m.  The project involves forward funding the investment,...

Countrywide reveals how it aims to combat fees ban income loss

Countrywide - which is making the lettings sector a key part of its ‘back to basics’ programme - is proposing to increase services it offers to...

Government urged to co-ordinate lettings reforms, not be scattergun

A leading PropTech entrepreneur says he welcomes reforms currently moving through Parliament to professionalise the lettings sector - but he wants them to be implemented as...

Average rent across the UK up 1.5% in the past year says HomeLet

The average rent in the UK is now £918, up by 1.5 per cent on the same time last year according to HomeLet. When London is excluded,...

A fifth of investors selling up but most adopt wait-and-see strategy

Buy to let investors are taking a wait and see approach when it comes to additional investment in the sector according to a market monitor produced...

Leading buy to let mortgage lender reveals it's on the acquisition trail

One of the most famous names in buy to let mortgages, Paragon, has revealed that it’s on the acquisition trail. There had been widespread speculation that it...

Agency is fined over £20,000 for failing to licence house to let

A lettings agency has been fined over £20,000 for failing to licence an overcrowded semi detached house in London. The fine was issued back in February but...

Agent banned from letting properties after head-butting incident

An agent has been banned from letting properties under ‘fit and proper person’ legislation in Scotland, following an incident in which he head-butted a member of...

Independent snapped up by LSL's Reeds Rains chain

Reeds Rains has snapped up one of north west England’s better known independent lettings agencies, Nurture.  Nurture is owned by James Coubrough and Nick Sykes who back...

Investors 'set to re-engage with prime London' predicts buying agent

One of the most respected buying agencies says it believes that with well under a year before the UK quits the EU, hitherto-reluctant investors are ready...

The scores are in and the Landlord Of The Year is....

We’re delighted to announce that Elaine Kellington from Kelso in the Scottish Borders is winner of the Landlord Of The Year award from home insurance provider...

Confirmed - mandatory Client Money Protection for all agents from next April

The government has confirmed that all property agents in England will need to be part of an approved Client Money Protection scheme by April 1 next...

Confidence in buy to let sector remains stable despite recent upheavals

Buy to let sector confidence across a range of measures remained stable or increased in the first quarter of 2018 compared with the end of last...

High-end agency launches Build To Rent 'boutique' flats in trendy Shoreditch

A newly built, boutique development of eight luxury Build To Rent apartments has come to the market in uber-fashionable Shoreditch, east London.  The scheme - called The...

Furious industry criticism as government reveals costs of ban on tenants’ fees

The industry has reacted angrily to the announcement yesterday that the Tenants’ Fees Bill is now formally starting its progress through Parliament - and to an...

Lomond Capital deal allows SDL Group to focus on Build To Rent

Midlands-based SDL Group has announced the sale of a Birmingham residential lettings portfolio to Lomond Capital. SDL Property Management now focuses on large scale institutional landlords particularly...

Rental market strong north of the border ahead of new agency rules

The Scottish rental market performed solidly in the last year, with the average rent rising by 0.6 per cent to hit an average of £570 pcm. In...

£7,000 fine for buy to let investor failing to honour Improvement Notice

A buy to let investor faces a fine of £7,000 plus costs and a victim surcharge for failing to upgrade his letting property in line with...

valpal
submit